New Issue: Barclays prices $605,000 contingent buffer enhanced notes on S&P 500

By Susanna Moon

Chicago, July 23 - Barclays Bank plc priced $605,000 of 0% contingent buffer enhanced notes due Aug. 6, 2014 linked to S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index never closes below 80% barrier level during the life of the notes, the payout at maturity will be par plus the maximum return of 6.8%.

Otherwise, investors will be fully exposed to any losses, with any gains capped at 6.8%.

Barclays is the agent, with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers.

Issuer:	Barclays Bank plc
Issue:	Contingent buffer enhanced notes
Underlying index:	S&P 500
Amount:	$605,000
Maturity:	Aug. 6, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index never dips below barrier level, par plus 6.8%; otherwise, full exposure to losses, with gains capped at 6.8%
Initial level:	1,692.09
Barrier level:	1,353.67, or 80% of initial price
Pricing date:	July 19
Settlement date:	July 24
Agent:	Barclays
Dealers:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	06741TZG5

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